The Cyprus Shipping Chamber welcomed the third consecutive growth in revenue from ship-management with the sector posting revenues of €574 million or 4.6% of the Cyprus’ GDP.
The CSC also noted that the results of the first half of this year show a “third consecutive increase in the revenue from ship-management after the slight decline during the pandemic period, thus maintaining its stable contribution to the GDP of Cyprus.”
These significant results prove once again the steady contribution of Cyprus Shipping, as it remains one of the most important contributors in Cypriot economy even during crises with tangible prospects for further growth, the CSC added.
Source: Cyprus News Agency